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Reputation: 342

Can you recommend a residential rental agent?

Has anyone had success with using an agent to rent their house? I may move out of the area and am interested in learning: A) what my house would fetch as a rental, and B) whether it would be worth the expense of having a third party manage this process. It's a nicely landscaped, 3 bed/ 2 bath, updated 1930 construction in Fremont / Wallingford area.

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  • 15_ab_small
    Reputation: 108

    The majority of rentals are handled by the owners via Craigslist. The cost of having a professional handle it is usually a month's rent to find the tenant and 10% of the rent each month to manage it while you are away. I don't do rentals, but I think you can hire them for both or one vs the other.

    There will be some variance in cost, but I have heard more than one complaint from people who hired a lower cost rental service. Seems to be the rule of thumb to hire the best or none when it comes to rentals.

    Finding "a rental agent" is usually as easy as hiring a "property management company" vs an agent who generally helps people buy and sell homes vs rent them out.

    One of the most recent rented homes in Fremont used Windermere's Property Management Division. You want to call the Seattle Division at 206-621-2037 vs the Eastside division. They have done a few in Fremont recently. I don't work for and never have worked for Windermere. So this is not a "plug". Just an answer to your question based on facts.

    You didn't tell us the number of square feet, and rentals tend to price on a plus or minus $1.00 per square foot basis. Fremont Single Family homes seem to rent for about $1.30 to $1.60 per square foot, if you want to run some rough numbers before interviewing Property Management Companies.

    You can try putting it in Craigslist at a high price and see what happens. With rentals you usually get a quick response. Even people who hire a property management company often do this to test the highest possible monthly amount.

    Sorry for being so long winded...but one concern worth mentioning. You said "nicely landscaped". It is usually not expected that a tenant would keep up that landscaping to the level of preserving it's value to your home's overall property value.

    You should consider hiring a landscaper or gardener and include that in the cost of the monthly rental. Otherwise you will likely come back to a property that needs to be landscaped at the end of the tenancy period.

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  • Img_5852_small
    Reputation: 775

    My dad finally decided he had enough trouble with his rentals, and has been working with the Sagen Group (11065 5th Ave NE in Seattle. 206-365-0000) www.sagengroup.com

    He's been THRILLED with them, although it's only been a few months. They seem really informed about the area and the market, had great tips on small ways to improve his units, and they did all the work finding and vetting new tenants. He also signed a management contract with them. Yes, I believe it was one month's rent for their rental service, and something like 10% for them to manage it. But what a weight lifted off his shoulders. Yay!

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